Sri Lanka's trade deficit decreased to USD 592 million in March 2019 from USD 871 million in the same month of the previous year. Exports rose 2.6 percent to USD 1,137 million, boosted by shipments of industrial products (4.3 percent), namely textiles and garments (9.4 percent) and petroleum products (28.7 percent), primarily to the EU and the US. Meanwhile, exports of agricultural products fell 4.4 percent, driven by lower sales of tea (-9.1 percent), minor agricultural products (-19.3 percent), natural rubber (-11.3 percent) and unmanufactured tobacco (-2.6 percent). Meantime, imports fell 12.6 percent to USD 1,729 million, amid declines in purchases of consumer goods (-26.3 percent), dragged down by lower expenditure in both food & beverages (-22.1 percent) and non-food products (-28.7 percent) while imports of intermediate goods went down 12 percent, driven by diamonds, precious stones and metals (-90.2 percent). Balance of Trade in Sri Lanka averaged -521.94 USD Million from 2003 until 2019, reaching an all time high of -50.10 USD Million in May of 2003 and a record low of -1100.70 USD Million in November of 2011.

Balance of Trade in Sri Lanka is expected to be -790.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sri Lanka to stand at -910.00 in 12 months time. In the long-term, the Sri Lanka Balance of Trade is projected to trend around -820.00 USD Million in 2020, according to our econometric models.

Sri Lanka Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-03-14 09:00 AM Balance of Trade $-701M $-785M $ -740M
2019-04-17 11:25 AM Balance of Trade $-617M $-701M
2019-04-22 10:00 AM Balance of Trade $-451M $-617M
2019-05-31 09:00 AM Balance of Trade $-592M $-451M $-780M
2019-06-17 09:50 AM Balance of Trade $-592M $-890M
2019-07-13 09:00 AM Balance of Trade $-980M
2019-08-17 10:25 AM Balance of Trade $ -790M


Sri Lanka Trade Last Previous Highest Lowest Unit
Balance of Trade -592.00 -451.00 -50.10 -1100.70 USD Million [+]
Current Account -815.14 -389.43 255.28 -1695.29 USD Million [+]
Current Account to GDP -3.00 -2.60 -0.40 -19.30 percent [+]
Exports 1137.00 981.00 1137.00 304.80 USD Million [+]
Imports 1729.00 1432.00 2048.00 408.00 USD Million [+]
External Debt 52310.45 53177.39 53487.28 37098.10 USD Million [+]
Terms of Trade 119.70 107.78 161.24 74.50 Index Points [+]
Tourist Arrivals 166975.00 244328.00 253169.00 5536.00 [+]
Gold Reserves 19.90 19.90 23.10 3.63 Tonnes [+]
Terrorism Index 4.05 2.91 7.13 2.91 [+]
Tourism Revenues 475.20 367.10 475.20 19.30 USD Million [+]
Remittances 584.50 555.00 729.35 241.34 USD Million [+]
Foreign Direct Investment 352.00 119.00 961.00 20.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Sri Lanka Balance of Trade

Sri Lanka exports mostly textiles and garments (40% of total exports) and tea (17%). Others include: spices, gems, coconut products, rubber and fish. Main export partners are United States, United Kingdom, Germany, Belgium and Italy. Sri Lanka imports petroleum, textile fabrics, foodstuffes and machinery and transportation equipment. Main import partners are India, China, Iran and Singapore. This page provides the latest reported value for - Sri Lanka Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-592.00 -451.00 -50.10 -1100.70 2003 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.60 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


Related

Latest